Crypto/investment scams rise to #1 riskiest
Investment scams, including those involving cryptocurrency, are now the riskiest scam type, according to the latest BBB Scam Tracker Risk Report. This scam type had a high median dollar loss ($9,365); 82.6% reported losing money. Investment scams take many forms, including pressure to purchase, trade, or store digital assets (cryptocurrency) with fraudulent exchanges. Investment and cryptocurrency scams both appeared on the list of ten riskiest scams in 2023. This year, we combined them because most cryptocurrency scams involved some sort of investment opportunity.
The report includes insights about riskiest scam types, who is being targeted, and which scams have the greatest impact. The report is compiled from scam reports submitted to BBB Scam Tracker by Canadian consumers in 2023.
Read and download the full report
For more information about the contents of this report, or to schedule a presentation about its findings, please contact us.
See the 2023 Canada Risk Report in the news!